MARKET LIVE: Sensex plunges 1,700 points; Bharti Airtel gains 3%

The Indian equity markets dipped 5 per cent on Monday, tracking weak global cues after the latest flare up in US-China tensions. Further, yet another extension of the nation-wide lockdown also weighed on investor sentiment. Volatility index, India VIX, made an aggressive come-back after recent cool-off and surged 27 per cent.

The S&P BSE Sensex tumbled 1,770 points to 31,940 levels and the Nifty50 index hovered around 9,350 levels. Among individual stocks, Hindustan Unilever fell as much as 6 per cent after reporting the March quarter results. READ MORE

Shares of Reliance Industries (RIL) dipped 3 per cent to Rs 1,420 on the BSE after the company reported a 33.5 per cent decline in its consolidated profit before tax (PBT) at Rs 9,223 crore for the quarter ended March 2020 (Q4FY20). READ MORE

Tata Steel and ICICI Bank (down 8 per cent each) were the top losers in the Sensex pack. On the other hand, Bharti Airtel rose over 3 per cent intra-day.

Shares of banks, metals, and automobile companies were the worst-hit. All the Nifty sectoral indices were in the red, led by Nifty Bank index, down over 6 per cent.